Praj Industries Ltd.

NSE: PRAJIND · Industrial Products

52W Range₹273 ₹486

Snapshot

Unlock Praj Industries Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Praj Industries is a global process engineering company specialising in bio-based technologies, renewable fuels, and high-purity systems. The company provides integrated solutions across the ethanol, biopharma, brewing, and hydrocarbon sectors, alongside advanced wastewater treatment and resource recovery services.

Business Model

The company generates revenue through the design, engineering, and commissioning of customised process plants and proprietary equipment. It further sustains income streams via operation and maintenance services and value-added technical support for its installed base.

Growth Outlook

Growth is driven by the global transition towards sustainable energy, specifically the increasing demand for ethanol blending and renewable fuels like BioCNG. Expansion in the biopharma and high-purity equipment sectors provides additional diversification and long-term revenue potential.

Key Risks

  • Regulatory Policy Risk. The company's performance is heavily dependent on government mandates and subsidies regarding ethanol blending and renewable energy adoption.
  • Raw Material Price Volatility. Fluctuations in the cost of steel and other industrial components can significantly impact project margins and profitability.
  • Project Execution Risk. As an engineering and construction firm, the company faces risks related to project delays, cost overruns, and technical complexities in large-scale plant installations.
  • Cyclicality of Capital Expenditure. Demand for industrial process equipment is sensitive to the capital expenditure cycles of the hydrocarbon, petrochemical, and brewing industries.

Price

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Key Metrics

REVENUE

₹3,168 Cr

TTM · consolidated

-1.9%YoY

NET PROFIT

₹24 Cr

TTM · consolidated

-89.1%YoY

EPS

₹1.30

TTM · consolidated

-89.1%YoY

RETURN ON EQUITY

1.7%

TTM · consolidated

-15.1 ppYoY

RETURN ON CAPITAL EMPLOYED

4.6%

TTM · consolidated

-17.0 ppYoY

P/E

273.9x

Q4 FY26 · consolidated

273.9 vs 43.8x5Y avg

EV/EBITDA

31.7x

Q4 FY26 · consolidated

31.7 vs 22.2x5Y avg

EBITDA MARGIN

6.4%

TTM · consolidated

-5.2 ppYoY

NET PROFIT MARGIN

1.4%

Q4 FY26 · consolidated

-3.2 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · consolidated

+0.00xYoY

Peers · Industrial Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Praj Industries Ltd.PRAJIND
5,773273.8831.66-1.9%6.4%1.7%4.6%-27.7%
Dynamatic Technologies LimitedDYNAMATECH
6,569220.7635.9415.5%13.1%4.4%10.2%+45.8%
Lloyds EngineeriLLOYDSENGG
5,51458.6748.5418.4%21.9%22.3%+14.2%
Kennametal India LimitedKENNAMET
4,67844.1825.0518.0%17.5%17.6%24.0%+18.2%
Centum Electronics LimitedCENTUM
4,158514.3638.516.9%11.7%-13.2%10.7%+56.9%
GMM Pfaudler LimitedGMMPFAUDLR
3,73458.738.5510.2%12.7%5.2%11.0%-38.6%

As of Q4 FY26

Financials